Is there a given formula for that? Im currently a scalp trader(tp=5,st=5),but I would want to move on to longer time frames to get more spare time, as scalp trading require constant watching. Any ideas on a good road to take? Im thinking about investing 6 hours of book studying each day for four months, which amounts to about 700 hours. I thought i would focus on candlestic , i.e reading Japanese Candlestick Charting Techniques - Steve Nison,and maybe 30-50 other books. Then summarizing the most relevant facts into an essay, and then analyze what could be useful, and in what manner and combination if they are applied to the market. After that i would try out the combinations of tools that I thought would be relevant on a demo account for 2 months, trying to find right combinations etc and see what works and doesnt through experience. Does that sound like a good proper start?